Imports are goods and services that are produced:
A. and consumed in other countries.
B. in other countries and consumed domestically.
C. and consumed domestically.
D. domestically and consumed in other countries.
Answer: B
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Real GDP will increase
A) only if the quantity of final goods and services produced rises. B) if either the price level rises or the quantity of final goods and services produced rises. C) only if the price level rises. D) only if the price level falls.
Which one of the following is not one of the monetary control instruments available to a Central Bank?
(a) Moral suasion (or advice); (b) Reserve requirements; (c) Discount rate; (d) Tax rates.
If Mexico has foreign assets worth $100 billion and no liabilities, a 15% depreciation of the peso will result in a(n):
A) increase in liabilities at home by 100 billion pesos. B) decrease in assets at home by 150 billion pesos. C) decrease in overall wealth by 15%. D) increase in overall wealth.
This graph shows three different budget constraints: A, B, and C.
If Bart has budget constraint A in the graph shown, what would cause his budget constraint to shift to B?
A. The price of soda has decreased. B. The price of milk has increased. C. Bart's income has decreased. D. The price of soda has increased.